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Google parent Alphabet gets CCI’s clearance to acquire stake in Flipkart, here’s what the order says – Times of India

adminNovember 26, 202403 mins

The Competition Commission of India (CCI) has granted approval to Google parent Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. The proposed transaction comprises investment through subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC; and an arrangement between an affiliate of Alphabet and Flipkart’s…

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Who was Gursimran Kaur? Walmart employee found dead in walk-in oven at Canada store – Times of India

adminOctober 25, 202405 mins

An Indian 19-year-old girl found cooked to death inside Walmart Bakery’s oven in Canada has been identified as Gursimran Kaur. Kaur, who had moved to Canada from the UK with her mother within the past three years, was found by her mother inside the store’s bakery department while the store was still open. Halifax regional…

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Flipkart-Zepto deal: “That’s when the talks ended …” – Times of India

adminApril 19, 202403 mins

Ecommerce major Flipkart and Zepto were reportedly in talks but the deal failed to get through. According to an exclusive report in Economic Times, ecommerce major Flipkart and Zepto held talks for a potential deal but the discussions fell through and are unlikely to be revived, said two people in the know of the matter….

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Lululemon’s bleak holiday-quarter targets overshadow strong Q3 – ET Retail

adminDecember 8, 202304 mins

Lululemon Athletica Inc on Thursday forecast fourth-quarter results below expectations, striking a cautious tone for the holiday season and sending shares of the premium apparel retailer down 2% in extended trading. The forecast, after a strong third-quarter show, mirrors sentiments from other U.S. retailers such as Walmart, Best Buy and Kohl‘s which have hinted at…

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Farm to fashion: Stage set for Bharat Tex – ET Retail

adminNovember 27, 202303 mins

NEW DELHI: From farmers to fashion designers, the government and export promotion councils will showcase the entire value chain at the biggest ever textile show in February. The show will cover not just Bharat Mandapam but also the newly built Yashobhoomi in the capital, as it seeks to position India as a major player in…

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Gap’s results beat outshines bleak holiday-quarter sales forecast – ET Retail

adminNovember 17, 202304 mins

GAP Gap on Thursday forecast holiday-quarter sales below estimates, but posted better-than-expected results for the third quarter thanks to easing supply expenses and cost-control efforts, sending its shares up 11% in extended trading. Major retailers like Walmart and Target have struck a cautious tone heading into the all-important shopping season, with consumers cutting back on…

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Titan to buy CaratLane employees’ ESOPs for around Rs 350 crore – ET Retail

adminAugust 22, 202304 mins

Representative Image Tata group company Titan, which agreed to purchase CaratLane founder Mithun Sacheti‘s stake in the omnichannel jewellery retailer for Rs 4,621 crore, is expected to buy employee stock options (ESOPs) held by CaratLane employees for around Rs 340-350 crore, or approximately $42 million, people aware of the discussions said. The company has around…